iDoji

RSRBTC4H. Formation of a falling wedge in progress?

HUOBI:RSRBTC   None
RSRBTC4H has found support at the Fibonacci 0.382.But, if 'A' proves to be weak and I suspect it may give way, we could be looking at an opportunity to scale in some orders at the 0.5 & 0.618 levels. See how trend line 'A' was once resistance & is now support? Let's watch this zone like a hungry hawk too, there could be a scalp trade in the offering there for the bold. Also, a rather compelling forecast is if 'A' fails this may well confirm a falling wedge pattern in the making. That's going to be a rather tasty proposition...I'm neutral for now, RLCBTC is not at point of particular interest quite yet. But good to be prepared. Instinct, that life saving quality we all have tells me we have more downside yet.

Some of my in the know Crypto friends feel this is a coin with magnificent fundamentals and is destined for serious upside.

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